Decision reverses key element of 2013 pension law

The Oregon Supreme Court reversed a core element of the state’s controversial 2013 pension overhaul on Thursday, concluding that annual cost-of-living adjustment cuts to its retired workforce were unconstitutional.

In a unanimous decision, Oregon Chief Justice Thomas A. Balmer wrote in an opinion that retired public-sector workers “have a contractual right to receive” the annual increases to their pension checks. The court decision...